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Author Topic: 5 Reasons Why The Krypto Fell Again  (Read 29 times)
demonist
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February 06, 2018, 02:00:50 PM
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Where does this weakening of bitcoin and the market crypto currency in general? Let's consider several reasons.
1. Facebook prohibits advertising On Tuesday, Facebook said that it prohibits advertising of crypto-currency projects on its platform.
 2. India tightens its approach to crypto-currencies Indian Finance Minister Arun Jeytli said in a speech at the presentation of the country's budget that the government "will take all measures" to make it impossible to use digital currencies "to finance illegal activities or as a replacement for the payment system."
3. Bitfinex and Tether problems The crypto community has previously looked with suspicion at the bunch of Tether crypto currency and the Bitfinex exchange, wondering if each Tether token is provided with a dollar, and recently the US Commission for Commodity Futures Trading sent the company a summons. The most serious charge against Tether lies in the fact that with its help the cost of bitcoin is inflated.
4. Major hacking Japanese Coincheck said that it plans to spend up to $ 426 million on customer payments - these are the consequences of the hacking, which stole NEM tokens worth about half a billion dollars. This is the largest theft since the hacking of the Mt. Gox in 2014.
5. Own volatility Bitcoin and its counterparts are volatile by nature, but in 2018, amid steadfast attention from American and Asian regulators, this trend has intensified.

And what do you think about this?
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Gabz999
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February 06, 2018, 02:08:05 PM
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I can consider those number 2-5 but, the number 1 is I can't. Prohibited the advertisements on Facebook doesn't seem so big impact on the cause of the bitcoin price, I guess those who really impacted that implantation of new rules on Facebook is those who are new ICO's coming out
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